which of the following professionals is an operator in the reinsurance market?
Answer Details
The professional who is an operator in the reinsurance market is the broker.
A broker in the reinsurance market is an intermediary who connects insurance companies seeking to transfer some of their risks with reinsurance companies willing to take on those risks in exchange for a premium. The broker serves as a link between the two parties, helping the insurance companies find the best reinsurance coverage and terms to suit their needs and negotiating on their behalf with the reinsurance companies.
In short, the broker acts as a facilitator between the insurance and reinsurance companies, helping them to navigate the complex world of risk management and transfer.